CHARLOTTE, N.C., Oct. 21 /PRNewswire-FirstCall/ -- Wachovia Corporation
(NYSE: WB) today announced that its board of directors approved the
company's regular quarterly cash dividend on its common stock of 5 cents
per share.
The common stock dividend is payable on Dec. 15, 2008, to shareholders
of record as of the close of business on Nov. 28, 2008.
In addition, Wachovia's board of directors declared a quarterly cash
dividend of $20 per share on its 8.00% non-cumulative perpetual class A
preferred stock, Series J, liquidation preference $1,000 per share. This
dividend equals $0.50 per depositary share, each representing a 1/40th
interest in a share of Series J preferred stock, which are traded on the
New York Stock Exchange under the symbol "WBPRS." The Series J dividend is
payable on December 15, 2008, to holders of record as of the close of
business on November 28, 2008.
A quarterly cash dividend of $18.75 per share was also declared on
Wachovia's 7.50% non-cumulative perpetual convertible class A preferred
stock, Series L, liquidation preference $1,000 per share, which are traded
on the New York Stock Exchange under the symbol "WBPRT". The Series L
dividend is payable on December 15, 2008, to holders of record as of the
close of business on November 28, 2008.
About Wachovia
Wachovia Corporation (NYSE: WB) is one of the nation's largest
diversified financial services companies, with assets of $812.4 billion and
market capitalization of $33.5 billion at June 30, 2008. Wachovia provides
a broad range of retail banking and brokerage, asset and wealth management,
and corporate and investment banking products and services to customers
through 3,300 retail financial centers in 21 states from Connecticut to
Florida and west to Texas and California, and nationwide retail brokerage,
mortgage lending and auto finance businesses. Globally, clients are served
in selected corporate and institutional sectors and through more than 40
international offices. Our retail brokerage operations under the Wachovia
Securities brand name manage more than $1.1 trillion in client assets
through 14,600 financial advisors in 1,500 offices nationwide. Online
banking is available at wachovia.com; online brokerage products and
services at wachoviasec.com; and investment products and services at
evergreeninvestments.com.
SOURCE Wachovia Corporation
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Related links:
http://www.wachovia.com
CONTACT:
Media: Christy Phillips-Brown,
+1-704-383-8178, or Investors: Alice Lehman, +1-704-374-4139,
Ellen Taylor, +1-212-214-1904, all of Wachovia Corporation
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